Company updates from 2026

4 February 2026 

Source:  Celtic Renewable

Update document sent to Abundance shareholders.

The update confirms that the formalities linked to the extension of payment of interest due to Abundance shareholders, agreed in the autumn of 2025, have been carried out.

Funding.

It confirms also that they company has secured the operational funds needed to keep the company afloat in during 2026 have been secured.   'The Company successfully completed its targeted fundraising (c£16.3m) in December 2025. This funding enables Celtic Renewables to progress our first industrial scale
biorefinery, Project Willow, here in Grangemouth, to an investible project point with the construction expected to start in H2 2026, to finance further growth activity and to provide a funding runway into 2027'. 

£6.3m was provided by a grant from Scottish Enterprise, with the remainder a crowdfunding and other private shareholders.